Mediagazer: Grazia publisher's profits fall by 75% (Mark Sweney/Guardian)

11:55 AM ET, August 30, 2013

Top News:

David Barrett / Telegraph:

David Miranda was carrying password for secret files on piece of paper — A journalist's partner who was detained carrying thousands of British intelligence documents through Heathrow airport was also holding the password to an encrypted file written on a piece of paper, the government has disclosed.

Discussion: Politico and @harrisj

Robert Booth / Guardian:

David Miranda: police win wider powers to investigate seized data — High court lets police investigate whether crimes of terrorism or breaches of Official Secrets Act have been committed — The high court has granted the Metropolitan police extended powers to investigate whether crimes related …

Discussion: @dangillmor, @jamesrbuk, @ncilla and Softpedia News

BuzzFeed:

British Embassy Approached New York Times About Snowden Documents — Greenwald lifts the curtain on the scale of the leak — and says he and Poitras alone have access to the full cache. — WASHINGTON — The British Embassy in Washington met with the New York Times in mid-August regarding materials …

Discussion: @buzzfeedben and @rosiegray

Press Gazette:
High Court told Miranda was carrying ‘58,000 highly classified UK intelligence documents’

Discussion: Joshua Foust, The Independent, The Atlantic Wire, The Register, Bloomberg, London24 News, National Updates and Head of Legal

George Brock / Guardian:
Does David Miranda count as a journalist? That's not the point

Discussion: @megclement

Lucia Moses / Adweek:

People Mag Prepares New Subscription Model — Time Inc. cash cow People is preparing to unveil a new pricing model designed to transform the way people think about subscriptions, according to people familiar with the publisher's plans. Other titles in the company are expected to follow suit.

Discussion: FishbowlNY

Erik Maza / WWD:

Time Inc. CEO Laura Lang to Exit in September — A LITTLE TOO LATE: In September, Laura Lang will formally leave her position as chief executive officer of Time Inc. Later in the month, she will be addressing a panel on leadership. — Lang lasted at Time Inc. for a little more than a year and a half …

Nora Caplan-Bricker / The New Republic:

A Guide to Syria's Best Citizen Journalism — Well before the United States weighed an intervention, Syria had become the most dangerous country in the world for journalists. Legacy media outlets have, understandably, sent fewer and fewer of their reporters into harm's way …

Discussion: @syriatracker, Wonkblog, @millermena and Kirk LaPointe's …

Tom Fudge / KPBS San Diego: How Do You Create A Free Media Culture In Syria?

Committee to Protect Journalists / The Huffington Post: In hopeful sign, two journalists escape Syria

Laura Hazard Owen / paidContent:

Digital now makes up 11.3% of Hachette's revenues worldwide, and 20% of Random House's — Digital now accounts for 11.3 percent of Hachette's sales worldwide, and about 20 percent of Random House's — Lagardére, parent company of book publisher Hachette, and Bertelsmann …

Discussion: PublishersWeekly.com and Variety

Scott Roxborough / Hollywood Reporter:
Germany's Bertelsmann Reports Record First-Half Operating Profit

Discussion: Bloomberg and Reuters

Ian Burrell / The Independent:

Censure for reporter over Gaza tweet sparks BBC rethink over social media — Governing body calls for rethink over use of Twitter but journalists worry about losing credibility — The censure of a senior BBC correspondent over his use of Twitter in covering the Middle East …

Discussion: @jeffjarvis, @scottbix, @daschles and @colrichardkemp

Georg Szalai / Hollywood Reporter:

Rupert Murdoch's Pay for Latest Fiscal Year Dropped to $28.9 Million — UPDATED: The media mogul had made $30.0 million in the previous year before a 3.7 percent decline for the latest period ended June 30. — Rupert Murdoch's compensation for the latest fiscal year dropped 3.7 percent to $28.9 million.

Discussion: The Wrap, Broadcasting & Cable, FishbowlNY and Deadline.com

Sara Morrison / The Wrap:

Tribune Co. Profit Plunges Sharply on Lower Broadcast Revenue, Print Ads — Parent company of the L.A. Times reports steep drop in income during three-month period — Beleaguered Tribune Co. issued another bruising financial report late Thursday, acknowledging a 61 percent income drop …

Discussion: Broadcasting & Cable, Wall Street Journal, Chicago Tribune and Los Angeles Times

Lynne Marek / Chicago Business:
Tribune's operating profit drops

Discussion: Chicago Sun Times and PR Newswire

Mark Sweney / Guardian:

Grazia publisher's profits fall by 75% — Bauer, which owns more than 20 titles in the UK including Empire, Q and Zoo, saw pre-tax profits collapse to £13.9m — Bauer, the publisher of titles including FHM, Heat and Grazia, has reported a 75% slump in profits for 2012 …

David S. Cohen / Variety:

Closing Piracy Powerhouse Actually Hurt Movie Revenues — Only blockbusters benefitted from shutdown of Megaupload; grosses of mid-range pics declined — Closing the notorious piracy site Megaupload didn't help theatrical film grosses , according to a new study.

Discussion: Digits

Hannah Karp / Wall Street Journal:

Cumulus Radio Deal Could Crowd Clear Channel — Radio broadcaster Cumulus Media Inc. is close to acquiring one of the country's largest syndicators of radio programming, Dial Global Inc., according to people familiar with the matter, in a deal that is likely to shake up the industry's competitive landscape.

Discussion: Reuters, Radio Ink Magazine, AllAccess.com and @ethanwsj

Quentin Hardy / NYT Bits:

Troubles Ahead for Internet Advertising — When it comes to advertising, the Internet is at war with itself. — Much of the Web relies on advertising income, but anti-ad technology could put a dent in that revenue. A recent report from the Web service PageFair said that on average 22.7 percent …

Discussion: eMedia Vitals, @rga, @bobtheprguy and @niemanlab

Laura Hazard Owen / GigaOM:

Kobo stops using the Amazon-owned Goodreads API — Maybe this was inevitable since Amazon acquired book-based social network Goodreads (see disclosure), but Kobo has stopped using the Goodreads API on its website and in its apps, Good E-Reader reports. — That means no more Goodreads ratings and reviews on Kobo book pages.

Discussion: Softpedia News and Telegraph